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200604179 Borrower shall promptly discharge any lien which has priority over this Security Instrument unless BDrrower: la) agrees in writing to the payment Df the Dbligation secured by the lien in a manner accaptable tD Lender; lbl cDntests in gDDd faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien; or Icl secures from the holder of the lien an agreement satisfectory to Lender subordinating the lien to this Security Instrumant. If Lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrowar a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of tha giving of notice. 5. Hazard or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage" and any Dther hazards, including floods or flooding, for which lender requires insurance. This insurance shall be maintained in the amounts and for tha periods that Lender raquires. The insurance carriar providing the insuranca shall be chosen by Borrowar subject to Lender's apprDval which shall not be unreasonably withheld. If Borrower fails to maintain coverage described above. Lender may, at lender's option, obtain coverage to protect Lender's rights in the Property in accordanca with paragraph 7. All insurance policies and renewals shall be acceptable to Lendar and shall include a standard mortga_ge clause. Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unlass Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged, if the restoration or repair is economically feasible and lender's security is not lessened. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If Borrower abandons the Property, or does not answer within the number of days prescribed by applicable law as set forth in a notice from Lender to Borrower that the insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds. lender may use the proceeds to repair or restore tha Property or to pay sums secured by this Security Instrument, whether or not then due. The period of time for Borrower to answer as set forth in the notice will begin when the notice is given. Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If under paragraph 21 the Property is acquired by lender, Borrower's right to any insurance policies and proceeds resulting from damage to the Property prior to the acquisition shall pass to Lender to the extent Df the sums secured by this Security Instrument immediately prior to the acquisition. 6. Preservation, Maintenance and Protection of the Property; Borrower's loan Application; leaseholds. Borrower shall nDt destroy, damage or impair the Property, allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture action or proceeding, whether civil or criminal, is begun that in Lender's good faith judgment could result in forfaiture of the Property or otherwise materially impair the lien created by this Security Instrument or Lender's security interest. Borrower may cure such a default and reinstate, as provided in paragraph 1 B, by causing the action or proceeding to be dismissed with a ruling that, in Lender's good faith datermination, precludes forfeiture of the Borrower's interest in the Property or other material impairment of the lien created by this Security Instrument or Lender's security interest. Borrower shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate information or statements to lender lor failed tD provide Lender with any material informationl in connection with the loen evidenced by the Note. If this Security Instrumant is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower ecquires fee title tD the Property, the leasehold and the fee title shall not merge unless lender agrees to the merger in writing. 7. Protection of Lender's Rights in the Property. If Borrower fails to perform the covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Property lsuch as a proceeding in bankruptcy, probate. for condemnation or forfeiture or to enforce laws or regulations!. then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 7, lender does not have to do so. Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this Security Instrument. Unless Borrower and Lender agraa to other terms of payment, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting payment. By initialing. I acknowledge this is page 3 of 7 of the Deed of Trust. Initials lni~ials www,cDmpliancllIsy,usms.tQM 900-966-6522 f., 616.956-1666 @ GDayright GDInPli.n" Sy"olns. inc. 1883. 1894. 1995. 1997.2004 ITEM 121NEL3 104081 Pog.3 of 7